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Markets still in "musical chairs" mode, just like it is the majority of the time. Remember last week you commented on how weak the Russell was. A day later, it's the leading index. Then on another day it will be weakest, while tech is strongest. Seen this pattern too many times.

He makes the exact same call every single day. I've trained my parrot to say the same thing.

My experience has been that if/when I post commentary about how or why the patterns have changed etc, I get unsolicited "advice" about how I should do this or that. Seriously, it's ingrained in some people to reply that way.

IMHO, I think the "tail" wags the dog far more nowadays than it did back in the Cook, LBR, Schwartz glory days. 3 OpEx's per week + Monthly/Quarterly OpEx, VIX futs/options, etc..(plus all the passive investing, etc). Even Marty went on record a few years ago saying he doesn't trade the...

For relaxation:

Can't go a day without this one (I've posted it on here before/other thread):

Numerous "alarm clock" triggers really. For a long time it was 2:45pm (CT).

And today its small caps on top. Same scripts from past few years when the algo's have the liquidity in their corner.

Similar thing happened last Thursday, albeit a bit slower. Let's see if the good cop/bad cop news drops continue. Last week was a pretty spectacular after the cash close spike-o-rama.

Gap fill at hyperspeed.

That's nothing new.

But sometimes when the herd "comes to you", can't get out of the way fast enough.

It's "squeezed" between the 20d and 50d ma's.

Negative pricing has basically blown out the risk control I suppose. Now IB charts have been completely fubar'd since every product has a negative infinity scale.

"You"? You catching the Volente virus now?

The slow drip, drip, drip of conditioning people into accepting that "anything and everything" is eligible to be backstopped.